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Dec 6, 2012
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. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually costs taxpayers thousands of dollars.
. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at...
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Dec 6, 2012
12/12
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KTVU
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. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of the legislature had repairs on those vehicles and repairs were made before lawmakers used them for their personal use. in any case the costs were thousands of dollars. >> only state in the country finally ended this program and they saw some abuse and they saw voters did not like the program and that it was a perk they could give up. >> starting this year, lawmakers are not issued any cars anymore instead they are. >> paid a moulin rate -- mileage rate for using their own vehicles. >>> now here is a look at items where they recently confiscated them from the burglary ring. investigators have arrested two brothers an
. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of...
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Nov 30, 2012
11/12
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KTVU
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optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuse
optimism had been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either...
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Dec 6, 2012
12/12
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. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. it is unclear how many jobs will be lost here in the united states. >>> i already calculated your rain total for the day. next, the conditions you can expect tomorrow that will impact your morning commute. >> california lawmakers buying state cars. the new report that reveals how that move actually >>> a new report shows at least a doze
. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at...
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Dec 5, 2012
12/12
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and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night during a 13-hour meeting. the council vote
and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending...
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Dec 7, 2012
12/12
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john boehner only wants to negotiate with president obama. hes has asked that senate leaders and nancy pelosi be kept away from future talks. even those excluded those say clearing the negotiating room will improve the chance for success. >>> the closely-watch the unemployment report came out -- watched unemployment report came out. it was better than expected. they added 146,000 jobs in november. the unemployment rate fell. coming up -- how this affects the fiscal cliff negotiations. >>> the s.w.a.t. team surrounded an apartment late last night. we don't have any other details, but the s.w.a.t. activity ended around 2:00 a.m. no word if any arrests were made. >>> a labor dispute at oakland international airport could erupt into a full-blown strike during holiday traffic. union members picketed yesterday on behalf of nonunion members who they say have been mistreated. this coincides around one of the busiest times of the year at the airport. >> this is a busy time of year, a lot of passengers coming in and out of the airport, people will appr
john boehner only wants to negotiate with president obama. hes has asked that senate leaders and nancy pelosi be kept away from future talks. even those excluded those say clearing the negotiating room will improve the chance for success. >>> the closely-watch the unemployment report came out -- watched unemployment report came out. it was better than expected. they added 146,000 jobs in november. the unemployment rate fell. coming up -- how this affects the fiscal cliff negotiations....
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Dec 6, 2012
12/12
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KPIX
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. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor says more needs to be done about spending right now. >>> meanwhile, public policy polling conducted an unusual survey to test american knowledge about debt reduction policy. people were asked what they thought of the panetta burns planning, something that doesn't even exist. one-fourth of the people took a stance on it anyway. 8% are in support by golly. 17% opposed. >> that's ri
. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax...
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Dec 6, 2012
12/12
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. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in california over the next few years if those tax increases and massive spending cuts kick in at the end of this month. if there's no deal on those, the pentagon was initially told not to plan for the cuts. that's all changed. in the last 24 hours, the pentagon leaders say they are preparing to slice about 10% of the budget. if we go over the fiscal cliff experts predict one in five defense contracts in california could be -- would be lost. both parties say there's still time to reach a deal and avoid those major losses. >> nobody wants to get this done more than me. >> our goal is to make sure this gets resol
. >>> president obama and john boehner will talking on the phone about the fiscal cliff. still, there's no real progress. this all comes as another republican says he's willing to break ranks regarding this. tom coburn said that he -- some are looking for a way to save grace as they move in. >>> allison turns reports, hundreds of thousands of california jobs could be lost. alison? >> reporter: and dave, the defense industry projects about 135,000 jobs would be lost in...
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Dec 6, 2012
12/12
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house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increase rates. >> t
house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at...
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president obama and house speaker john boehner spoke on the phone about the situation yesterday. among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying that the president would allow the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the coun
president obama and house speaker john boehner spoke on the phone about the situation yesterday. among the major sticking points is republican support for continuing tax cuts for the wealthiest americans, something mr. obama disagrees with. >> we could probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to...
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Nov 30, 2012
11/12
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obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts. >> i think it's important congress acts now. i mean, right now. >> reporter: can mitt romney, with all his business experience, play a role on brokering a deal? well, don't count on it, diane. the president did not ask for his help today and the two simply agreed to keep in touch. and for now, nothing more. >> all right, thank you, jonathan karl. >>> and now, we move onto two towns that had reason to rejoice today. two tickets wo
obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one....
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Dec 6, 2012
12/12
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and house speaker john boehner spoke by phone later today, no word what was discussed as the two men try to strike a deal from sending the country over the so- called fiscal cliff. fox 5's bob barnard with the latest development. >> perhaps the phone call is a sign the two sides are trying to kick start negotiations on a tax and spending plan before mandatory cuts in government spending and tax increase goes into effect in less than a month. maryland congressman chris van hollen says he thinks there's only a 50/50 chance a compromise will be reached by the looming end of the year deadline. >> i hope we can come together. it's important to avoid the fiscal cliff. it's also important to do it the right way. >> doing it the right way obviously depends who you're speaking to. i asked maryland democrat chris van hollen, ranking member on the house budget committee, what happens if the white house and republicans in congress cannot reach a deal by january 1st? >> it doesn't necessarily mean january 2nd, you know, the world falls apart, brought it does mean is if you go into january, you kn
and house speaker john boehner spoke by phone later today, no word what was discussed as the two men try to strike a deal from sending the country over the so- called fiscal cliff. fox 5's bob barnard with the latest development. >> perhaps the phone call is a sign the two sides are trying to kick start negotiations on a tax and spending plan before mandatory cuts in government spending and tax increase goes into effect in less than a month. maryland congressman chris van hollen says he...
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president obama and john boehner did the gangnam style, your approval ratings might go up. "outfront" tonight, tom mcclintock of the budget committee. thank you for taking the time. we just showed a lot of your colleagues going home on a wednesday night after working a three-day week. obviously, that's an image that frustrates so many americans. why are people going home before getting this done? >> well, unfortunately, we're not using the standard process where the house passes its version, the is that the passes its version, then a conference committee is very good in revolving impasses like this between the two houses. unfortunately, none of that's being used and i think that's one of the reasons why these things are blocking down now so regularly. we've abandoned a process that works very well when we use it. >> john boehner presented a plan to the president and in that plan, he put $800 billion in revenue from the wealthy on the table. he said he would close loopholes and those people would pay more money. you were a member of the tea party caucus and some in your cauc
president obama and john boehner did the gangnam style, your approval ratings might go up. "outfront" tonight, tom mcclintock of the budget committee. thank you for taking the time. we just showed a lot of your colleagues going home on a wednesday night after working a three-day week. obviously, that's an image that frustrates so many americans. why are people going home before getting this done? >> well, unfortunately, we're not using the standard process where the house passes...
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Dec 6, 2012
12/12
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WMAR
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president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met them, at chambliss' office. a few were let inside without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >
president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met...
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president obama and house speaker boehner one-on-one in the fight over the fiscal cliff. we take the plunge in 25 days now. that means devastating tax hikes and spending cuts take hold at the start of the new year. congress breaks for the holidays in seven days. but democrats and republicans may be making headway. house speaker john boehner asked democratic leaders in the house and senate to get out of the way so he and the president can negotiate a deal alone. everyone seems to be on board. paul steinhauser is live in washington. nice to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. differe
president obama and house speaker boehner one-on-one in the fight over the fiscal cliff. we take the plunge in 25 days now. that means devastating tax hikes and spending cuts take hold at the start of the new year. congress breaks for the holidays in seven days. but democrats and republicans may be making headway. house speaker john boehner asked democratic leaders in the house and senate to get out of the way so he and the president can negotiate a deal alone. everyone seems to be on board....
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Dec 5, 2012
12/12
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today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and t
today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as...
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Dec 6, 2012
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even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a data manager in atlanta is delaying buying a house despite needing space for a second kid due any day now and several families are shrinking the gift pile beneath the christmas tree this year. how about you? are you prepared if the nation goes off the fiscal cliff? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the m
even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a...
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Dec 6, 2012
12/12
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for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaign
for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in...
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. >> reporter: we are now hearing the staffs for president obama and republican house speaker john boehner are talking now again after a week. whether they're making significant progress, we hope to get more details today. >> tracie, thank you. >>> breaking news out of syria. here's melissa mollet at the live desk. >> good morning. syrian rebels claiming damascus international a civilian target. they're warning civilians not to approach it. they're also warning the syrian government is planning to use chemical weapons. and regime forces are firing rockets around the capital. 40,000 people have been killed in the country's civil war. at the live desk, melissa mollet, news 4. >>> today world war ii veterans nationwide will commemorate the 70th anniversary of the attack on pearl harbor. pearl harbor survivors will attend a wreath laying ceremony. in our area, flags will be flown at half staff today on all local, state, and federal buildings. in virginia, governor bob mcdonnell will attend a ceremony and lay a wreath at the virginia war memorial in richmond. governor mcdonnell has issued a pro
. >> reporter: we are now hearing the staffs for president obama and republican house speaker john boehner are talking now again after a week. whether they're making significant progress, we hope to get more details today. >> tracie, thank you. >>> breaking news out of syria. here's melissa mollet at the live desk. >> good morning. syrian rebels claiming damascus international a civilian target. they're warning civilians not to approach it. they're also warning the...
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Nov 29, 2012
11/12
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. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to give statehood to the palestinians. this comes despite strong opposition for u.s. officials over fears that such a move could harm peace nego
. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down....
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Nov 29, 2012
11/12
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yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff
yes, there is a case in point where boehner and obama said there was progress that could be made towards a compromise. the markets turn around to 220 points on the dow. but on 20 points and the dow having been down 110 closed up 106 points. that's because john boehner said they could well be some progress on a compromise. that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there...
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and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital city. happened almost in the same area along the northeastern coast devastated by a earthquake two years guy. >>> attorneys for george zimmerman are suing nbc universal for characterization of him in reporting on the trayvon martin shooting death. lawsuit claims nbc edited 911 recordings to make it appear that zimmerman was racist. nbc says it disputes the accusations and plans to defend itself in court. >>> on every flight, you have to power down your gadgets before takeoff and landing. but -- could that be changing? you might be surprised who is leading the charge. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasa
and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital city. happened almost in the same area along the northeastern coast devastated by a earthquake two years guy. >>> attorneys for george zimmerman are suing nbc universal for characterization of him in reporting on the...
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we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had to say. >
we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will...
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this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of the problem of the growing incivility in washington. people don't work together
this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here....
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aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> cannot wait to see that. >>> and finally, well, we would be remiss if we did not recog
aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and...
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aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobile in the new year, the company says it will add apple products in 2013 the company didn't mention the iphone by name and misses say it is likely the -- >>> san francisco-based site zynga wants a real money gambling experience for users. the company has filed an applicatio
aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within...
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president obama warned that republicans must accept higher taxes on the rich or watch everyone get a tax hike. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> so, what is next? george stephanopoulos is going to sit down with the treasury secretary tim geithner for a reality check on these negotiations, this sunday on "this week." >>> and we head overseas now to israel, and the provocative new announcement there. officials in israel saying they will build 3,000 new israeli homes in jerusalem. the palestinians condemned the announcement. it comes on the heels of that historic vote by the united nations, making palestine an observer state, over the objections of israel and the u.s. >>> and nearby in egypt, tahrir square again filling up with protesters, more than 100,000 at times today, chanting against their president, mohamed morsi, claiming he jammed through a draft of a new constitution, which strengthens the muslim brotherhood against christians and liberals. critics say it would curb the rights of women and freedom of speech. >>> and b
president obama warned that republicans must accept higher taxes on the rich or watch everyone get a tax hike. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> so, what is next? george stephanopoulos is going to sit down with the treasury secretary tim geithner for a reality check on these negotiations, this sunday on "this week." >>> and we head overseas now to israel, and the provocative new announcement there....
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house speaker john boehner says he is still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> reporter: the president and boehner spoke on the phone wednesday but republicans want more. >> we want to sit down with the. we want to talk specifics. >> reporter: whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> reporter: treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the g.o.p. doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans appears willing to concede that point, the party's position seems unchangeable. >> speaker boehner took a position i think the day aft campaign that said we're willing to bring in revenue but we're not willing to in
house speaker john boehner says he is still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> reporter: the president and boehner spoke on the phone wednesday but republicans want more. >> we want to sit down with the. we want to talk specifics. >> reporter: whether the talks happen on the phone or in person, here on capitol hill or...
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boehner, all that of course an effort to avoid the nation dropping over the fiscal cliff. in just a few days at the end of the year. in their first discussions yesterday after a week's hiatus we are told there were no signs of progress and even a hardening of positions. in fact, earlier president obama discussed the stalemate with middle-class families. >> for them to be burdened unnecessarily because the democrats and republicans aren't coming together to solve this problem gives you a since of the costs involved in very personal terms. >> he showed what he is really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. >> the major sticking points continue to be how to handle tax rates for wealthy americans, and also, what to do about reducing spending on entitlement programs like social security and medica medicare. >> aide between the president and the speaker of the house met and the talks basically went nowhere. according to one of the president's aide he said higher taxes of course on the wealthy. a deal must include permanent ext
boehner, all that of course an effort to avoid the nation dropping over the fiscal cliff. in just a few days at the end of the year. in their first discussions yesterday after a week's hiatus we are told there were no signs of progress and even a hardening of positions. in fact, earlier president obama discussed the stalemate with middle-class families. >> for them to be burdened unnecessarily because the democrats and republicans aren't coming together to solve this problem gives you a...
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earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earlier fellow south carolina senator lindsey
earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he...
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president obama and house speaker john boehner talked on the phone today.. it was meant to be a small step in bridging the[take vo] >> washington has 27 days to figure out how to avoid the fiscal cliff.. no details have been released on that phone conversation....but all signs point to a continued stalemate . >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i think the next 72 hours are critical. if he sits back and continues to play politics, that'll give we're going. [take vo] >> the big sticking point is taxes -- and whether to raise them for the wealthiest two percent of americans. john boehner says that won't solve a big spending problem. president obama meantmie, says congress can't tie fiscal cliff talks to upcoming debt ceiling votes. also, the military budget is on the table with a possible $500 million being set aside as a warning. stay with us, more news coming up. you won't take my life. you won't take our future. aids affects
president obama and house speaker john boehner talked on the phone today.. it was meant to be a small step in bridging the[take vo] >> washington has 27 days to figure out how to avoid the fiscal cliff.. no details have been released on that phone conversation....but all signs point to a continued stalemate . >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i...
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a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex marr
a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car...
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any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions still out of the work. the national unemployment rate fell from 7.9 percent to 7.7 percent last month. that is the lowest rate in four years. it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not b
any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions...
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president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courthouse in seattle. the state has a three-day wait
president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done...
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obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game. clearly frustrated. you must be good in chess. you two steps ahead of everybody, what you just diagnosed. i manual you're good. the president is also playing -- >> bob: can suck up. >> brian: i usually wait for the breaks. but i just do things that threw me a little bit. the president would not go to hawaii if the deal is not done. he has the deal. that the republicans will sign. >> dana: if they were able to go, the east wing said we are going to hawaii, you bet ber ready. get the back pack. i think there is so much planning that has to be done. if you take the white h
obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimberly: bolling is the last to leigh the building and first to enter. maybe he doesn't leave at all. >> screaming headlines on fox news.com. this is not a game....